After creating a new all-time high in January 2025, Bitcoin has been consolidating for a long time. Recently, after long consolidating period, it started going down. Today we will look at the price movements of BTC and reflect on where it could go next.

Last week, the King of Cryptocurrencies, BTC was hovering above the 107000$ level. BTC started its renewed uptrend after a few weeks of downtrend after a nice reversal, At start of this week, BTC was slowly rising. But suddenly, BTC started to fluctuate heavily. Unfortunately, it could not break the important resistance level of 111900$.

It is above the bullish trendline that it created over the week. BTC is just above 111600$ currently. It needs to beat the upper resistance as soon as possible. This is ultimately a 4.6% gain in value over a time span of seven days.

All Screenshots are taken from Coingecko

No words from this article should be taken as financial advice.

Thank You for reading.